TQM Is Important Because Quality Influences All of the 10

question 132

True/False

TQM is important because quality influences all of the 10 decisions made by operations managers.

---

Definitions:

Precedent

A legal decision or form of conduct that serves as an example or rule for future cases of a similar nature.

Capital Structure

The composition of a company's debts and equity, including bonds, loans, preferred stocks, and common equity, which shows how a firm finances its overall operations and growth.

Product Manufacturing

The process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications.

Employee Relations

The management of relationships between employers and employees, often involving communication, conflict resolution, and compliance with labor laws.